EconomyAMLO rules out economic crisis at the end of...

AMLO rules out economic crisis at the end of his government

President Andrés Manuel López Obrador assured this Thursday that he will leave a solid economy at the end of his term, for which he is already working with the Ministry of Finance to restructure the debt that expires in 2025.

“I will no longer be in government, but I do not want what happened at the end of the government of (Carlos) Salinas to happen, what those of (Ernesto) Zedillo say that Salinas left the economy on pins,” said the president. in his usual morning conference.

“It’s not leaving her with pins, no. A solid economy!” added the president whose administration ends in 2024.

He explained that the debt restructuring for 2025 is so that his successor “does not have to dedicate the budget to pay debt.”

The Ministry of Finance expects that next year the debt will fall below 50% of the gross domestic product (49.4%), remaining stable and sustainable, in accordance with the proposal of the 2023 Economic Package, which includes the General Economic Policy Criteria, delivered by Rogelio Ramírez de la O to the Congress of the Union on September 8.

On Wednesday afternoon, US economist Nouriel Roubini said that Mexico requires changes to improve income, stimulate competitiveness and limit oligopolies, as well as promote inclusion and reduce poverty. There is a lot of informality and the minimum wage is low, said the so-called “Doctor Doom” for having predicted the subprime crisis in 2008.

During his stellar participation in the Inter.Mx Summit Expansión 2022 with the presentation “Perspectives of Mexico and the global economy in times of turbulence”, the economist added that another change that the country needs is to improve childcare so that more women join to the labor market.

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